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Pakistan jumps 11 spots in World Bank’s latest report

Photo: AFP Pakistan has improved its ranking by climbing up 11 notches in World Bank’s annual Doing Business Report 2019, a press release said on Wednesday. The report measures the performance in ease of doing business in 190 countries. Pakistan moved from 147 to 136, Adviser to the Prime Minister ...

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Pakistan among top three countries with high upward mobility

  Pakistan is among top three countries with high upward social mobility across Asia, Africa, and the Middle East region, Standard Chartered Bank Pakistan’s Retail Banking Head Syed Mujtaba Abbas told a group of business journalists on Monday. Social mobility is the movement of an individual or group from one ...

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Hackers steal Rs2.6m via debit cards issued by Bank Islami

In a major cyber-attack on a Pakistani bank, hackers siphoned off at least Rs2.6 million through October 27 from debit cards issued by Bank Islami. The bank says it noticed abnormal transactions in one of its international payment card schemes on Saturday morning and had to log off immediately. This ...

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Pakistan to go for IMF bailout despite Saudi aid

PHOTO COURTESY: SAUDI PRESS AGENCY Pakistan is still keen on seeking International Monetary Fund bailout programme, even after receiving $6 billion aid from Saudi Arabia.  “Yes, we are going ahead into programme negotiations with (IMF) in the first week of November,” Noor Ahmed, spokesperson for the ministry of finance, told Reuters ...

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